Karnika Industries Ltd
Incorporated in 2017, Karnika Industries Ltd manufactures and deals with ready-made garments for children[1]
- Market Cap ₹ 865 Cr.
- Current Price ₹ 140
- High / Low ₹ 225 / 86.8
- Stock P/E 34.6
- Book Value ₹ 13.7
- Dividend Yield 0.07 %
- ROCE 22.8 %
- ROE 27.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.2%
Cons
- Stock is trading at 10.2 times its book value
- Company has high debtors of 159 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 47 | 98 | 124 | 126 | 171 | |
| 45 | 89 | 109 | 108 | 145 | |
| Operating Profit | 2 | 10 | 15 | 18 | 26 |
| OPM % | 4% | 10% | 12% | 14% | 15% |
| 0 | 0 | 1 | 1 | 4 | |
| Interest | 1 | 2 | 5 | 5 | 5 |
| Depreciation | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 1 | 7 | 11 | 14 | 24 |
| Tax % | 35% | 37% | 26% | 26% | 25% |
| 1 | 5 | 8 | 10 | 18 | |
| EPS in Rs | 1.80 | 1.63 | 2.91 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 54% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 66% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 30% |
| Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 9 | 12 | 12 | 62 |
| Reserves | 4 | 19 | 9 | 41 | 59 | 23 |
| 16 | 22 | 52 | 52 | 60 | 66 | |
| 11 | 18 | 28 | 15 | 23 | 33 | |
| Total Liabilities | 31 | 59 | 98 | 120 | 155 | 184 |
| 1 | 1 | 2 | 5 | 7 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 9 | 16 |
| 30 | 58 | 96 | 115 | 139 | 160 | |
| Total Assets | 31 | 59 | 98 | 120 | 155 | 184 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -6 | -15 | -11 | -6 | 4 | |
| -0 | -0 | -1 | -4 | -18 | |
| 7 | 15 | 14 | 20 | 4 | |
| Net Cash Flow | 1 | -1 | 2 | 10 | -10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 129 | 100 | 118 | 148 | 159 |
| Inventory Days | 99 | 123 | 287 | 268 | 191 |
| Days Payable | 93 | 68 | 151 | 75 | 80 |
| Cash Conversion Cycle | 135 | 154 | 254 | 342 | 270 |
| Working Capital Days | 24 | 66 | 42 | 109 | 117 |
| ROCE % | 31% | 29% | 21% | 23% |
Documents
Announcements
-
Press Release
17 February 2026 - Q3 FY26 standalone revenue ₹6,092.08L, net profit ₹629.21L; 9M net ₹1,875.65L.
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Copy of Newspaper Publication
16 February 2026 - Unaudited Q3 results (31 Dec 2025) published; standalone net profit 848.19; ad dated 16 Feb 2026.
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Outcome of Board Meeting
14 February 2026 - Karnika Industries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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Outcome of Board Meeting
11 February 2026 - Independent Director Suraj Kumar Singh (DIN 03592889) resigned effective 11 Feb 2026, citing personal reasons.
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Cessation
11 February 2026 - Independent Director Suraj Kumar Singh resigned effective 11 Feb 2026 for personal reasons.
Annual reports
Concalls
-
Nov 2025TranscriptPPT
Business Overview:[1][2]
a) KIL is an ISO 14001:2015 certified manufacturing and trader of readymade garments for Babies, Boys and Girls and dress materials with its main products being Tops, Dresses, Denims, Leggings, Skirts and Ponchos
b) It manufactures products through job work.
c) Company does designing, preparation of sample, quality inspection, ironing and packing of garments